Owned Ships definition

Owned Ships means the Ships specified in Schedule 2 and such other Ships owned by a member of the Stena AB Group as may from time to time be mortgaged to the Security Agent as security for the Borrowers' obligations under this Agreement;
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Owned Ships means any or all of them.
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Owned Ships means ships owned and operated by the Company or its Subsidiaries during the Term and shall include:
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Examples of Owned Ships in a sentence

  • The Borrower shall procure that any relevant member of the Group shall promptly inform the Agent upon the issue to any such member of a DOC and to any of the Owned Ships of an SMC or the receipt by any such member of notification that its application for the same has been refused.

  • The Borrower shall procure that any relevant member of the Group shall immediately inform the Agent if there is any threatened or actual withdrawal of such member’s DOC or the SMC in respect of any of the Owned Ships.

  • The Borrower shall procure that any relevant member of the Group shall immediately inform the Agent if there is any threatened or actual withdrawal of such member's DOC or the SMC in respect of any of the Owned Ships.

  • The value of any of the Collateral Ships determined in accordance with the provisions of clause 23.37(Valuation of Owned Ships) shall be binding upon the Parties until such time as any further such valuation shall be obtained for such Collateral Ship pursuant to this clause 23.53(b) or clause 23.37(Valuation of Owned Ships).

  • U.S. Government Owned Ships The U.S. Government will not reimburse us for (and therefore we will not pay for) routine unsupported charges other than the Agency Fee.


More Definitions of Owned Ships

Owned Ships means the 4 ships listed as Ship 1 to 4 (inclusive) in Schedule 6 which are owned by the Borrower at the date of this Agreement and registered in the ownership of the Borrower on the flag indicated in relation to that Ship in Schedule 6;
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Related to Owned Ships

  • U.S.-flag vessel means a vessel of the United States or belonging to the United States, including any vessel registered or having national status under the laws of the United States.

  • Tank vessel means a ship that is constructed or adapted to carry, or that carries, oil in bulk as cargo or cargo residue, and that:

  • Covered vessel means a tank vessel, cargo vessel, or passenger vessel.

  • Fleet Vessels means all of the vessels (including, but not limited to, the Ships) from time to time wholly owned by members of the Group (each a “Fleet Vessel”);

  • Foreign flag vessel means any vessel that is not a U.S.-flag vessel.

  • Public vessel ’ means a vessel owned or bareboat chartered and operated by the United States, by a State or political subdivision thereof, or by a foreign nation, except when such vessel is engaged in commerce;

  • Relevant Ship means the Ships and any other vessel from time to time (whether before or after the date of this Agreement) owned, managed or crewed by, or chartered to, any Relevant Party;

  • Existing ship means a ship which is not a new ship.

  • existing vessel means a vessel that is not a new fishing vessel.

  • foreign fishing vessel means any fishing vessel other than a local fishing vessel;

  • fishing vessel means a vessel used for catching fish, whales, seals, walrus or other living resources of the sea;

  • New ship means a ship:

  • Mortgaged Ship means a Ship which is subject to a Mortgage at the relevant time and, in the plural, means all of them;

  • Cargo vessel means a self-propelled ship in commerce, other than a tank vessel or a passenger vessel, three hundred or more gross tons, including but not limited to, commercial fish processing vessels and freighters.

  • Vessel means the vessel/craft belonging to the Contractor for carrying out the work.

  • Ships means, together, Ship A and Ship B and, in the singular, means either of them;

  • Coastal vessel means any vessel exclusively employed in trading between any port or place in India to any other port or place in India having a valid coastal license issued by the competent authority.

  • New Shipper means a Shipper that is not a Regular Shipper.

  • The Vessel means the vessel named in Box 5 and with particulars as stated in Boxes 6 to 12.

  • Passenger vessel means any boat, ship, vessel,

  • Sailing vessel means any vessel under sail provided that propelling machinery, if fitted, is not being used.

  • passenger ship means a ship which carries more than 12 passengers;

  • cargo ship means any ship which is not a passenger ship;

  • foreign vessel means any vessel other than a coastal vessel.

  • Vessels shall have the meaning set forth in the recitals.

  • tanker in relation to chapter 4 means an oil tanker as defined in MARPOL Annex I, regulation 1 or a chemical tanker or an NLS tanker as defined in MARPOL Annex II, regulation 1.